Steel News

Matrix Technologies Names New President

06 July 2017 - Matrix Technologies Inc., a U.S.-based process and facilities design and automation engineering firm, has promoted a company veteran as president.

GFG Alliance Prevails in Effort to Buy Australian Steelmaker

05 July 2017 - After revising an earlier offer, metals entrepreneur Sanjeev Gupta and his family’s alliance of businesses have landed a binding agreement to acquire Australian iron ore miner and steelmaker Arrium.

Steel Dynamics to Add Rebar Capabilities to Indiana Mill

05 July 2017 - U.S.-based Steel Dynamics Inc. plans to add a US$75 million rebar line to its structural and rail mill in Columbia City, Ind., the steelmaker announced on Wednesday.

Tata, thyssenkrupp Leaders to Meet on Potential Steel Merger

05 July 2017 - thyssenkrupp chief executive Heinrich Hiesinger plans to meet with Tata Sons chairman Natarajan Chandrasekaran this month to see if the two companies can put together a deal on merging their European steel operations, according to the German business newspaper Handelsblatt.

Timken Subsidiary Acquires Indian Roller Bearings Maker

05 July 2017 - The Indian subsidiary of The Timken Co. has reached an agreement to acquire ABC Bearings Ltd., an Indian manufacturer of tapered, cylindrical and spherical roller bearings and slewing rings.

Stelco Completes Sale and Exits Creditor Protection

03 July 2017 - U.S. investment firm Bedrock Industries has closed on its acquisition of Canada’s Stelco, officially bringing to an end a decade of United States Steel Corporation ownership and nearly three years of uncertainty under creditor protection.

AK Steel Acquiring Stamped Components Manufacturer

03 July 2017 - AK Steel is setting its sights downstream, announcing Monday that it is acquiring a Canadian tooling and stamped components manufacturer for US$360 million in cash.

Australian Steelmaker Starts Up Modified Furnace

03 July 2017 - Australia’s OneSteel has added a new sidewall injection system to an electric arc furnace at its Laverton mill in Melbourne.

Russian Pellet Plant Hits Its Stride

03 July 2017 - NLMK Group’s new pelletizing plant has reached a production milestone, producing its 3 millionth metric ton since its November start-up.

Report: Trump Wants Steel Tariffs. The Rest of His Administration Doesn't.

30 June 2017 - U.S. President Donald Trump and a few of his advisers are “hell-bent” on imposing steel tariffs, despite the objections of many others in his administration, according to the online publication Axios.

Charter Steel Contracts With Tenova for EAF Modification

30 June 2017 - Tenova Inc. has won a contract to retrofit a Wisconsin electric arc furnace with its Consteel metallic charging system, the equipment supplier has announced.

Danieli Wins Order for Caster Upgrade

30 June 2017 - The Steel Authority of India has awarded a contract to Danieli for improvements to a bloom caster at its Durgapur facility, the equipment supplier has announced.

HarbisonWalker Chief Executive Stepping Down

29 June 2017 - Refractories manufacturer HarbisonWalker International said its chairman and chief executive will retire and that it is promoting one of its executives to succeed him.

Universal Stainless Says No to Merger Offer

29 June 2017 - Universal Stainless & Alloy Products Inc. has rejected an unsolicited merger offer from Synalloy Corp., saying that the proposed deal held no merit, the company said on Thursday.

Commercial Metals President Barbara Smith Adds CEO to Title

29 June 2017 - Commercial Metals Company is promoting its chief operating officer to the helm.

Commercial Metals Sees Third-Quarter Profits Rise

22 June 2017 - Stronger shipments of scrap and mill products helped advance Commercial Metals Company’s third-quarter profits, which rose to US$39.3 million, the company said Thursday.

Egyptian Rebar Producer Upgrades Rolling Mill Controls

22 June 2017 - Danieli Automation recently completed upgrades to a rolling mill control system at an Ezz Steel facility in Egypt.

Global Steel Production Rose in May

21 June 2017 - The world's crude steel production rose to 143.3 million metric tons in May, an increase of 2% over the same month last year, according to World Steel Association figures.

JSW Steel's U.S. Operation Wins Conditional Approval to Upgrade Plate Mill

19 June 2017 - JSW Steel’s board has given the preliminary go-ahead to a plan to modernize the steelmaker’s plate mill at its Baytown, Texas, USA, facility, the company announced Monday.

U.S. OKs Tariffs on Imported Rebar

19 June 2017 - The U.S. International Trade Commission has cleared the way for the imposition of new tariffs on imported rebar from two countries.